Cholla Bay 4 Life
Pardon me, maybe 1980 looking at this??
Thank you. That was educational.We went to San Carlos Mexico in Nov 1980, the old Peso was 18-1, when we came back 12 days later, we cashed in our peso's back into
dollars it was 25-1. 30% less. WTF!! We didn't know what to think.
We went to Penasco 1st time in May 1983 the old Peso was around 80-1 and over the next 10 years we watched it get to over 3000-1.
In 1993-1994 after much negotiating with the World Monetary Fund, US treasury and US banks enough funds were injected into Mexico's treasury
to allow the Peso to get stable. As Joan said they removed 2 -00's from the peso which became the new Peso with a new value of 3.2 peso's to the dollar (3200 became 3.2 pesos). Here we are 26 years later and the Peso is at 25 -1
Amazing, 6 weeks ago Peso was 18.5-1. 25% less, Humm.
Been there and done that, hopefully not a lot of $$.OK I willl admit its my fault. Opened an intercam account a month or so ago. Put it into a peso account at 18.5 thinking as summer was starting might go to 16.5.